7 Cool — but Hot — Cities with Cheap Rents




Kiplinger has compiled a list of seven U.S. cities where one can find still find relatively cheap housing rentals. These cities can boast of the ability to be both fun and affordable for young professionals. Check out Citybook.com's Online Yellow Pages for detailed information on each of them.

While many young professionals aim to launch their careers in the biggest cities like Boston, New York, Los Angeles or San Francisco, many may find satisfaction, and save a lot of money, by looking beyond the major metropolises. The listed cities all have a growing "under-30" population and a solid job market. The cost of living in each is at or close to the national average for students and young wage earners.

Athens, Georgia



The University of Georgia is located in this college town and is responsible for the initial creation of Athens and its subsequent growth. The city offers free Wi-Fi downtown, and a thriving arts community. The university and two regional hospitals help keep the city's unemployment rate impressively low. The Athens music scene has included such 1980's breakout groups as the 40 Watt Club, and R.E.M. and the B-52's. New on the Athens scene are a lot of rap/hip-hop groups include: Black $quad Click, Big Body, Bad Intentions, GMB, C.E.D., Y.P., Snacks, Fire Squad and many others. See the Athens, GA - Online Yellow Pages for more information.

Where to rent: Five Points, West Side, Downtown
What you'll pay: $650-$750 a month for a one-bedroom apartment, or $750-$850 for a two-bedroom unit

Atlanta, Georgia



Atlanta is the capital and Georgia's most populous city, as well as being the center of the ninth most populous metropolitan area in the United States. It features a fine variety of museums on subjects ranging from history to fine arts, natural history, and beverages. The city has a thriving music industry and is home to many famous hip-hop and R&B musicians. It also ranks fourth among U.S. cities for wireless hot spots, and ranks third in the number of Fortune 500 companies headquartered in its metropolitan area, behind New York City and Houston. Atlanta has more than 30 institutions of higher education, the most prominent of which include Emory University, Georgia Tech, Georgia State University, and Oglethorpe University. Scene hoppers hit Buckhead for the clubs and Little Five Points for the coffeehouses, bars and restaurants. See the Atlanta, GA - Online Yellow Pages for more information.

Where to rent: Midtown, Virginia Highlands, East Atlanta
What you'll pay: $600-$900 a month for a one-bedroom, $800-$1,350 for a two-bedroom

Austin, Texas



The capital of Texas, Austin is the state's fourth-largest city and the 16th largest in the United States. The city was selected as the #2 Best Big City in "Best Places to Live" according to Money magazine in 2006. Thousands of graduates each year from the engineering and computer science programs at The University of Texas at Austin provide a steady source of young, talented, and driven employees that help to fuel the city's technology and defense industry sectors. Austin's official slogan is "The Live Music Capital of the World," as it has a vibrant live music scene boasting more music venues per capita than any other US city. Austin ranks fifth for free Wi-Fi. Hot nightspots include South Congress, the Sixth Street music corridor and the Warehouse District. See the Austin, TX - Online Yellow Pages for more information.

Where to rent: South Austin, Downtown
What you'll pay: $500-$800 a month for a one-bedroom, $700-$1,200 for a two-bedroom (one-bedrooms start at $800 downtown)

Denver, Colorado



DenverColorado's capital — is nicknamed "The Mile-High City" because its official elevation is exactly one mile above sea level. The city claims to have the 10th largest central business district in the United States. The Denver Metropolitan Area has more federal workers than any other metropolitan area except for Washington, D.C. Along with the plethora of federal agencies are many companies based on US defense and space projects. The technology bust in the new millennium caused Denver to lose many of high-tech jobs. However, the area has started making a comeback, with the October 2005 unemployment at 4.7% the lowest since September of 2001. Among Denver's attractions are a good light-rail system and a top-20 ranking for free Wi-Fi. See the Denver, CO - Online Yellow Pages for more information.

Where to rent: Lower Downtown (LoDo), Highland, West Highland
What you'll pay: $700-$800 a month for a one-bedroom, $900-$1,200 for a two-bedroom; under the housing program, $800 for a one-bedroom loft

Minneapolis, Minnesota



The largest city in Minnesota, Minneapolis adjoins Saint Paul, the state's capital. It is the primary business center in the vast expanse between Chicago and Seattle. Availability of Wi-Fi, transportation solutions, medical trials, university research and development expenditures, advanced degrees held by the work force, and energy conservation are so far above the national average that in 2005, Popular Science named Minneapolis the "Top Tech City" in the US. Minneapolis also ranked as the country's number two best city in a 2006 Kiplinger's poll of Smart Places to Live. The region is second only to New York City in live theater per capita, and is the third-largest theater market in the US. The Minneapolis park system has been called the best-designed, best-financed and best-maintained in America. The collegiate scene is dominated by the main campus of the University of Minnesota where more than 50,000 undergraduate, graduate, and professional students attend 20 colleges, schools, and institutes. See the Minneapolis, MN - Online Yellow Pages for more information.

Where to rent: Uptown, Northeast, North Loop
What you'll pay: $600-$700 a month for a one-bedroom, $800-$1,100 for a two-bedroom

Nashville, Tennessee



Nashville is the capital, and Tennessee's second most populous city, after Memphis. As the "home of country music," Nashville has become a major music recording and production center. All of the Big Four record labels, as well as numerous independent labels, have offices there, mostly in the Music Row area. As of 2006, Nashville's music industry is estimated to have a total economic impact of $6.4 billion per year and to contribute 19,000 jobs to the area. The city is also home to more than 250 health care companies, including Hospital Corporation of America, the largest private operator of hospitals in the world. Students rent in the Belmont/Hillsboro area, near Vanderbilt University. See the Nashville, TN - Online Yellow Pages for more information.

Where to rent: Hillsboro/Belmont, West End, Sylvan Park, Green Hills, downtown
What you'll pay: $600-$900 a month for a one-bedroom, $1,000-$1,300 for a two-bedroom, loft or small house

Raleigh, North Carolina



The capital of North Carolina, Raleigh is known as the "City of Oaks" for its many oak trees. The city is part of the state's "Research Triangle," a center of research and textiles. It is a major retail shipping point for eastern North Carolina and a wholesale distributing point for food stores. Raleigh is as "hot" as it gets, thanks to a healthy job market, a billion-dollar downtown rehab, top universities and plentiful, inexpensive housing. Young locals eat sushi and listen to blues in Glenwood South, or hit dance parties in the Warehouse District. See the Raleigh, NC - Online Yellow Pages for more information.

Where to rent: Duraleigh Road, Cameron Village, downtown
What you'll pay: $650 a month for a one-bedroom, $750 for a two-bedroom, $750-$950 for a two-bedroom house